Open Archive 2
[ Read Responses | Return to the Index ]
[ Previous | Previous in Thread ]
Re: Betting Strategies
Posted by FLASH on 23 March 1998, at 9:57 a.m., in response to Re: Betting Strategies, posted by Pat Essary on 18 March 1998, at 11:01 p.m.
You need to scale your bets to your advantage. Firstly, determine what the house edge is off the top. Then, using your count's true count % edge equivalent (probably .25 or .50 % advantage per true count) reckon what true count actually gives you an edge of at least .50% (generally between +1 and +3) Use that as your minimum true count for raising your bet. Using a table of true count frequencies and their associated expectations (e.g. "Blackjack Attack" by Don Schlesinger) you can then properly scale your wagers.
A simple way to do this is to bet your true count MINUS one UNIT or PLUS one UNIT. These methods will work quite well if you have first done the homework outlined above. The former is very conservative while the latter is quite aggressive.
As a footnote I should mention that in the 1997 edition of Snyder's "Blackbelt in Blackjack" the author offers a very practical method of replacing the true count with a "true advantage" that makes bet-sizing a snap. I recommend it to all beginners.
Warning: do your homework first !
The Open Archive 2 is maintained with WebBBS 2.24.060398.